Ceres Capital Corp.

June 09, 2009 11:29 ET

Ceres Capital Provides Update

CALGARY, ALBERTA--(Marketwire - June 9, 2009) - Ceres Capital Corp. (the "Company" or "Ceres") (TSX VENTURE:SRS) reports today that there are no corporate developments or undisclosed material changes involving the company to account for current market activity.

This information has been disseminated due to yesterday's heavy activity in the common shares of the Company.

Drilling update

The Company does advise that it has cased the first well in the previously announced drilling program and the rig is preparing to move to the second location with drilling expected to commence later in the week, weather permitting.

About Ceres and Reliable

Ceres is an Alberta based public company listed on the TSX Venture Exchange and conducts its operations through Reliable Energy Ltd, a wholly owned subsidiary. The Company is currently focused on two core areas in the Western Canadian Sedimentary Basin. The first core area consists of an unconventional resource play in the Bakken/Three Forks formation situated on the Saskatchewan - Manitoba border. The second is a Devonian reef play in central Alberta.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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